Property Description

REDEVELOPMENT site. Existing district commercial zoning permits residential uses above commercial provided less than 50% of the total gross floor area of a building (max height 3 storey). UPSIDE POTENTIAL: To accommodate Hamilton’s forecasted growth part of the City’s plan is ‘Up Zoning of Urban Corridors and major and minor arterial roads to the missing middle which is considered 12 storeys or less. Subject property is on a major arterial road, adjacent to retail amenities, and residential only on 1-side, is an ideal candidate for ‘Up Zoning. Formal consultation comments back from the City encouraged a 6-storey, pedestrian focused development. Existing house on the property can be rented out for residential/retail/office for holding income and land held for future bump that comes with residential intensification.

Features
: Gas Forced Air Open
: Y
: None
: Y
Address Map
CA
Ontario
Hamilton
L0R 1C0
Hwy 56
2544
0
W80° 11' 8.3''
N43° 5' 51.3''
More info
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
0
2024-11-22 14:54:33.0
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Land For Sale

2544 Hwy 56, Hamilton, Ontario L0R 1C0

  • Area: 0.65 Sqft
  • Visits : 1 in 1 days
$1,290,000
Listing ID#X10442803
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Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : X10442803
Price : $1,290,000
Area : 0.65 Sqft
Year Built : 0
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Firas Al-Rifay
Ontario Real Estate @JDF Realty.LTD Brokerage
Ontario Real Estate @JDF Realty.LTD Brokerage
999 Edgeley Blvd. Units 5-6 Vaughan, Ontario, Canada L4K 4R7
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